DAILY AGRI COMMODITY REPORT

05 January 2015

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Market Views
MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

DHANIYA

JAN

11181

11181

10720

SUPPORT

SUPP.1

SUPP. 2

10730

10495

10966

10956
RESISTAN
CE

RES. 1

RES. 2

11191

11417

-1.62

1940

Dhaniya short term

trend is down, further
more downside is
expected in comimg
days.

JAN

5028

5030

4911

SUPPORT

SUPP. 1

SUPP. 2

4917

4855

9448

9680

9234

SUPPORT

SUPP. 1

SUPP. 2

9093

8947

9240

9387
RESISTAN
CE

RES. 1

RES. 2

9533

9827

% CHG

VOL

-0.90

31510

PIVOT

LEVELS

4974
RESISTAN
CE

RES. 1

RES. 2

5036

5093

Castorseed short term

trend is down, Prices
expected to go down in
coming days.

GUARGUM

PIVOT

INTRADAY
LEVELS

4980

INTRADAY

TURMERIC

APR

CLOSE

CASTORSEED

PIVOT

INTRADAY
LEVELS

LOW

-1.16

30995

Turmeric short term

trend is down and may
continue in coming
days.

JAN

12060

12390

11610

SUPPORT

SUPP. 1

SUPP. 2

11543

11187

11900

PIVOT

INTRADAY
LEVELS

11967
RESISTAN
CE

RES. 1

RES. 2

12323

12747

-3.02

6011

Guargum Short term

trend is up, Expecting
price may go up in
coming days.

Most Active Contract

TOP LOSERS
SYMBOL

EXPIRY DATE

NCDEX INDICES

CURRENT
PRICE

CHANGE

CHANGE
%

JEERA

20-01-2015

15240.00

-315.00

-2.03%

CORIANDER

20-01-2015

10966.00

-181.00

-1.62%

TURMERIC

20-04-2015

9240.00

-108.00

-1.16%

CASTOR SEED NEW

20-01-2015

4980.00

-45.00

-0.90%

COTTON SEED OIL CAKE

AKOLA

20-01-2015

1421.00

-9.00

Index

Value

Pre.
Close

%
Change

CASTORSEED

4980

5025

-0.90

CHANA

3480

3455

+0.72

CORIANDER

10966

11147

-1.62

GUARGUM

11900

12270

-3.02

JEERA

15240

15555

-2.03

MUSTARD SEED

4238

4248

-0.24

SOYABEAN

3367

3346

+0.63

TURMERIC

9240

9348

-1.16

-0.63%

TOP GAINERS
SYMBOL

EXPIRY DATE

CURRENT
PRICE

CHANGE

CHANGE
%

REFINED SOY OIL

20-01-2015

645.30

6.55

1.03%

CHANA

20-01-2015

3480.00

25.00

0.72%

SOYABEAN

20-01-2015

3367.00

21.00

0.63%

BARLEY

20-01-2015

1623.00

8.00

0.50%

GUR

20-01-2015

974.00

2.00

0.21%

Commodities In News
Stockiest liquidation continued in coriander prices as prices declined by
almost Rs 100 per quintal at Kota mandi due to favourable rainfall in major
coriander states Madhya Pradesh and Rajasthan. Traders are expecting further
selling in the near term.
Bearish trend resumed in chana prices due to favourable rainfall in major
producing states. The prices were declined by Rs 100 per quintal to trade at Rs
3500 per quintal. Traders stated that total arrivals were reported at 70 motors,
unchanged from the last day. Traders are expecting strong surge in chana
prices in the next marketing season due to limited supplies of old and new
crop.
Jeera dropped today after a radical surged in last few weeks capped demand.
Prices soared in last few days on good buying support following persistent
worries over the acreage. The commodity is quoting at Rs 15223, down Rs 25
per quintal on the day. These are the highest levels in around 15 months for
the commodity. The total daily arrivals stand at 8000 bags, reverting to the
average 7000/8000 bags last week but considerably lower compared to peak
season. Overseas demand remains strong. Rajasthan crop is seen taking a hit
to the tune of around 30% on poor weather.
Low sowing area and weather conditions are likely to have an impact on the
mustard seed output in India. Around 15 per cent fall in output is expected on
the back of lower area coverage and crop damage due to cold
weather.According to a government data, mustard seed has been sown in 6.3
million hectare this year against 6.65 million hectare last year. Rajasthan,
Madhya Pradesh, the two top mustard seed producing states, has suffered
steep fall in output.Mustard is exclusively grown in the rabi season. The seed
is sown during OctoberNovember and the harvest will take place in lateFebruary to early April.Mustard seed output has been tracking an inconsistent
trajectory for the past five years. It posted a record output of 8.18 million
tonnes(mt) in 2010-11.

ECONOMIC NEWS
Sugar mills in Uttar Pradesh(UP), India's second largest sugar
producung state, have told the government that they are unable to pay
even the Fair and Remunerative Price (FRP) for sugarcane.The Uttar
Pradesh Sugar Mills Association (UPSMA) said the low demand and
falling prices of sugar have forced them into such a depressing
situation.Under the tagging policy, factories are not in a position to
make payment of even 200 a quintal of cane. You will appreciate that
the current sugar prices do not even allow payments at Fair &
Remunerative Price i.e. 220 for 2014-15, Delayed commencement of
crushing in UP (owing to delayed cane price fixation by the State
Government) is likely to impact the sugar production from the state
which could be lower than expected (6.0 million MT) in SY15.India's
Sugar production upto 15th December 2014, in the current 2014-15
sugar season stands at 42.25 lakh tonnes. This is about 13.5 lakh
tonnes more than the production in the last sugar season, upto the
corresponding period, of 28.77 lakh tonnes, according to ISMA.

India's cotton procurement has hit the halfway mark. Cotton

Corporation of India (CCI) has procured around 3.6 million bales of
cotton till date which is half the volume of the desired target.CCI
targets to purchase 6 million bales worth Rs 12,000 crore this year.
India's cotton production for the Cotton Season 2014-15 (October
2014 to September, 2015), is pegged at 400 lakh bales.The prices of
cotton have plunged below minimum support price(MSP) in major
growing states. In a bid to alleviate the price crash crisis CCI initiated
action for procurement of Cotton from the growers at the Minimum
Support Price(MSP) in 341 centres located in 92 Districts in 11 Cotton
growing States.Domestic Cotton prices depend on a number of factors
including previous balance, current supply, current as well as future
demand for cotton in both domestic and international markets.

Fundamental Watch : Cotton

National & International Market Update
Cotton market noticed weak tone on sluggish demand.Textile industry
demanded that the government should ensure that raw material costs, costs
of converting raw material to finished goods as well as the tariff should be
less than or equal to international prices. Industry also asked for removal of
import duty, the special additional duty, reduction in the central excise duty
from 12% to 6% and removal of the anti-dumping duty so that the industry
and products become globally competitive. The Parliamentary Standing
Committee for Labour on Demands for Grants of Ministry of Textile as its
second report has opposed dilution in jute packaging and recommend not to
dilute the provisions of reservation as contained in The Jute Packaging
Materials (Compulsory) Use in Packaging Commodities) Act1987. YSRC
Farmers Wing state president M.V.S. Nagireddy states that Andhra Pradesh,
where the cost of agricultural labour was high, was the biggest loser
because of the Central government cumulative average formula for fixing of
MSP.
Pakistan Bureau of Statistics revealed that textile and clothing export
surged to $1.128 billion in November 2014 from $998.143 million in the
corresponding period of last year, an increase of 7.01 per cent. Cotton
production in China stood 2.2% lower to 6.16 million tonnes in 2014 when
compared to the previous year. The reason for this decline is the falling
acreage, which decreased around 3% on year on year basis. Deficit in cotton
output in China brings delight to the cotton exporting nations as it increases
the possibilities of larger cotton export demand from China, the major
consumer in the world. Chinas decision to keep cotton import up to the
quota limit of 894,000 tonnes has kept the market under the bearish
pressure. Global prices are moving downtrend amid the expectation of
lesser imports by China, the top importer of cotton in the world.

COTTON ARRIVALS AT KEY SPOT

MARKET
CENTER

02-Jan-15

01-Jan-15

Change

AMRAVATI

6000

8500

-2500

MEHSANA

45000

50000

-5000

RAJKOT

4300

5100

-800

PATAN

4200

13360

-9160

DEESA

1250

5755

-4505

BHIWANI

1500

1500

UNCH

GONDAL

2068

2244

-176

Technical Outlook

SELL DHANIYA JAN BELOW 10920 TGTS 10890,10840 SL 10970

SELL GUARGUM JAN BELOW 11850 TGTS 11800,11700 SL 11940

SELL CASTORSEED JAN BELOW 4940 TGTS 4910,4860 SL 4990

SELL TMC APR BELOW 9200 TGTS 9150,9050 SL 9290

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